Obama proposes a TRILLION DOLLARS in new taxes! - ABC NEWS

[Butterbean]

What's everyone so upset about?  Isn't paying taxes optional

[Soul Crusher]

What's everyone so upset about?  Isn't paying taxes optional

Only if your a democrat.

[Hereford]

Only if your a democrat.

Truth.

[shootfighter1]

Straw, I agree on your criticizms for Bush and Chenney.  They pandered to big business.  Also continued unnecessary subsidies.  IMO the congress and administration are at fault for many things, including the financial bust.  And Iraq was unnecessary.

However, Obama is spending far too much man.  He is creating a huge hole that we can't get out of by just raising taxes on the top 5%.  Most of us here criticized Bush for deficit spending yet some of you guys are ok with Obama spending far more.  The budget for this year and next year is irresponsible use of our tax $.  Some of these programs are what Democrats have wanted for years and because the economy is bad they are getting put through under the promise that they will help us out of the recession.  I think very little of what the gov does will affect the recession.  The biggest thing they can do is handle to financial and housing crisis.  Then cut spending overseas and trim down the deficit.  Obama is creating more dependence on gov under the guise of stimulus.  He raised capital gains taxes which is a mistake.  Cut corporate taxes to attract business!

Sure, someone would rather make more and be taxed higher on that portion of $ (instead of making half of what they made) but to what degree do we punish someone for making $?  We already have a progressive tax system where if you make more, you pay more.  Obama is going overboard in making upper middle class people and many successful businesses pay excessively.  If we made people pay the taxes they are supposed to under the current system, thats enough.  We don't need all this crazy spending!

[Dos Equis]

What's everyone so upset about?  Isn't paying taxes optional

Patriotic.   

[MCWAY]

The hypocrisy is incredible. 

GWB was wrong, but this is just indefensible.   

Is it just me, or did the Dems give the biggest pop for Obama, NOT when he mentioned his plans for Iraq or for parents to play a bigger role for education, or his economic agenda, but for reminding everyone that he inherited an economic crisis?

[shootfighter1]

I guess to highlight a point, if we weren't in a recession, Obama would still want the majority of these things.  The only reason they are passing so easily is because we are in a recession and there is a democratic majority in congress with a lot of far left members right now.  The blue dog democrats are a relatively quiet voice in the party currently.

[Soul Crusher]

Is it just me, or did the Dems give the biggest pop for Obama, NOT when he mentioned his plans for Iraq or for parents to play a bigger role for education, or his economic agenda, but for reminding everyone that he inherited an economic crisis?

That is just another lie.  Yes, Obama inhereited a mess, but not like what he is talking about deficit wise.

[MCWAY]

What's everyone so upset about?  Isn't paying taxes optional

Now that's COLD!!!

Then again, by Biden's standards, half of Obama's staff are TRAITORS.  

[MCWAY]

That is just another lie.  Yes, Obama inhereited a mess, but not like what he is talking about deficit wise.

Agreed!! But again, the issue here Pelosi and crew, clapping like trained seals with mouths full of fresh fish, after Obama reminded everyone (for the nth time) that he inherited a crisis.

In other words, the Dems are setting themselves to do what they often do best: Blame somebody else for their problems, namely the problem they will have IF this stimulus doesn’t’ work. The "Bush bashing" is only going to last for a few more months (and the Dems are going to milk it for all its worth). Should this crash and burn, the people are going to look squarely at them, not "W", for not fixing the woes of the country.

[Soul Crusher]

I know at least a few families with household income of > than 250k a year that are now down to ~ 100k.

They would all rather have their former income and pay a marginally higher tax rate.

Bush borrowed for a two wars which he recklessly executed and for which we have nothing to show for it.  He also allowed massive graft and corruption in the spending of those $$$'s

Obama would rather not have to spend $$$'s (as he's said) but the govt is the only entity right now that can stimulate the economy (at least that is the plan) and the money will be spent in part of things which we will use for years to come.  He's also promised an unprecendented amount of transparency and zero tolerance on graft and corruption.

Time will tell if Obama's spending with be worthwhile.

We already know the answer on Bush

Why dont you go to the mall and max out your credit cards, your parents cards, your kids cards, your neighbors credit cards, all on crap and then tell me how stimulated you feel a year or two from now.   

[Hedgehog]

Unlike a few others who apparently will bash Obama no matter what, shootfighter repeatedly makes great posts with legit concerns regarding Obama's stimulus plan.

Eg, how programs that not are related to stimulating the economy may end up getting in package.

Also historically, when one party is as dominant as the Democrats are right now, there is very little opposition, and 'pork' could easily be added.

Obama really needs to hold a tight grip on the expenses, make all of the stimulus money cost effective.

FWIW, I think the transparancy that Obama has promised perhaps can prevent from real disasters.
   Remains to be seen if there is any though.

   

[Soul Crusher]

Unlike a few others who apparently will bash Obama no matter what, shootfighter repeatedly makes great posts with legit concerns regarding Obama's stimulus plan.

Eg, how programs that not are related to stimulating the economy may end up getting in package.

Also historically, when one party is as dominant as the Democrats are right now, there is very little opposition, and 'pork' could easily be added.

Obama really needs to hold a tight grip on the expenses, make all of the stimulus money cost effective.

FWIW, I think the transparancy that Obama has promised perhaps can prevent from real disasters.
   Remains to be seen if there is any though.

   

Do you even realize how much borrowed money they are spending?  This is money we do not have after bush spent money on garbage as well.

It did not work for W it will not work for O.

[LurkerNoMore]

If Obama had a penny for every time a Republican whined about him, the entire bill would be paid off by Sunday.

Obama owns your minds.

[Straw Man]

Straw, I agree on your criticizms for Bush and Chenney.  They pandered to big business.  Also continued unnecessary subsidies.  IMO the congress and administration are at fault for many things, including the financial bust.  And Iraq was unnecessary.

However, Obama is spending far too much man.  He is creating a huge hole that we can't get out of by just raising taxes on the top 5%.  Most of us here criticized Bush for deficit spending yet some of you guys are ok with Obama spending far more.  The budget for this year and next year is irresponsible use of our tax $.  Some of these programs are what Democrats have wanted for years and because the economy is bad they are getting put through under the promise that they will help us out of the recession.  I think very little of what the gov does will affect the recession.  The biggest thing they can do is handle to financial and housing crisis.  Then cut spending overseas and trim down the deficit.  Obama is creating more dependence on gov under the guise of stimulus.  He raised capital gains taxes which is a mistake.  Cut corporate taxes to attract business!

Sure, someone would rather make more and be taxed higher on that portion of $ (instead of making half of what they made) but to what degree do we punish someone for making $?  We already have a progressive tax system where if you make more, you pay more.  Obama is going overboard in making upper middle class people and many successful businesses pay excessively.  If we made people pay the taxes they are supposed to under the current system, thats enough.  We don't need all this crazy spending!

I agree with some of your points but don't have time right now to address the ones I don't agree with (maybe later).
I don't think Obama intends (or thinks) that raising taxes is going to offset all this spending.   I think it will be a combination of increasing tax revenue and cutting spending and drawing down the people and $$$'s that we're throwing down that black hole in Iraq.   We also have a bunch of ridiculous loopholes that allow companies access to our markets while not paying their fair share of taxes.    There is just so much that can be done on so many fronts but at this point in time I think he has to spend and spend big to stimulate the demand side of the equation.

btw -regarding those programs Dems have wanted for years, can you give me some examples? I don't know what you're refering to so I can't make a assesment.   Just wanting something for years does not make it bad, unnecessary or wasteful (not saying you're suggesting that - just need to know what you're referring to)